Category: Capital Market/Banking

Wema Bank declares N37.89b gross earnings in Q3
October 24, 2016 No Responses

Wema Bank declares N37.89b gross earnings in Q3

For the third quarter ended September 30, 2016, Wema Bank Plc has declared N37.8Billion gross earnings, indicating 16.36 per cent growth over N32.57Billion recorded same period in 2015.   According to the Bank, the nine-month figure was driven by a...
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Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading
October 22, 2016 No Responses

Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading

The Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema has described collaboration with London Stock Exchange (LSE) as deliberate and strategic.    Speaking at the third anniversary of London & Lagos Capital Markets partnership confer...
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FBN Capital to host Govt, Business leaders at annual conference
October 22, 2016 No Responses

FBN Capital to host Govt, Business leaders at annual conference

In line with its  commitment to provide a platform that will facilitate interaction for identifying sustainable growth opportunities in Nigeria, FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. will host its Ann...
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UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni
October 21, 2016 No Responses

UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni

MEC  Incorporated has entered into agreements with United Bank for Africa (UBA) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni, according to UBA  represents the world’s...
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Fidelity Bank empowers 500 unemployed youths in Kebbi State
October 18, 2016 No Responses

Fidelity Bank empowers 500 unemployed youths in Kebbi State

Fidelity Bank Plc in strategic partnership with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi has empowered 500 Nigerians with entrepreneurial skills.  The programme, which is part of the Bank’s Corporate Social Responsibility (CSR) ini...
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‘FirstBank now sole Foreign Exchange Dealer to BDCs’
October 14, 2016 No Responses

‘FirstBank now sole Foreign Exchange Dealer to BDCs’

The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in Nigeria.   According to First Bank, the announcement is coming on the heels of the...
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WFE explains growing liquidity in emerging market exchanges
October 14, 2016 No Responses

WFE explains growing liquidity in emerging market exchanges

The World Federation of Exchanges (“WFE”), on Thursday  published a report into growing liquidity in emerging market exchanges, in collaboration with global management consulting firm Oliver Wyman. The report, entitled Enhancing Liquidity in Emerging Mark...
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CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal
October 13, 2016 No Responses

CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal

No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos.   Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Ba...
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UBA profit hits N62 Billion in nine months
October 13, 2016 No Responses

UBA profit hits N62 Billion in nine months

Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (UBA), has announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-...
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NSE Organises First Market Data Workshop
October 11, 2016 No Responses

NSE Organises First Market Data Workshop

The Nigerian Stock Exchange (NSE) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data Workshop, onTuesday, October 18, 2016 at The Civic Center, Victoria Island, Lagos.     The wo...
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Ecobank renews partnership with Global Fund
October 8, 2016 No Responses

Ecobank renews partnership with Global Fund

Ecobank Transnational  Incorporated  has renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years.   Ecobank in a statement on Friday explained that the  relationship between the two organisations began...
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Heritage Bank seeks sustained support for firms
October 8, 2016 No Responses

Heritage Bank seeks sustained support for firms

 As part of measures to create wealth for individual customers,  Heritage Bank  recently took advantage of customers’ service/appreciation week to organise a business fair to  celebrates the business activities of   various customers. The fair which t...
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FirstBank partners NESG on 22nd economic summit
October 8, 2016 No Responses

FirstBank partners NESG on 22nd economic summit

Inline with commitment to drive financial inclusion and sustainable national economic development, First Bank of Nigeria Limited and FBN Merchant Bank Limited have partnered the Nigerian Economic Summit Group to host the 22nd Nigerian Economic Summit (NES#22) ...
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Heritage Bank sponsors African Fashion & Design week
October 6, 2016 No Responses

Heritage Bank sponsors African Fashion & Design week

Heritage Bank Plc will be the lead sponsor of the 2016 African Fashion and Design Week (AFDW) titled “Be Inspired”.  Already, Media personalities, Sika Osei and Uti Nwachukwu have been unveiled as the official hosts for the event. African Fashion and...
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